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作者：Brzustowski, Thomas; Caselli, Francesco
作者单位：University of Essex; University of London; London School Economics & Political Science; Centre for Economic Policy Research - UK
摘要：We develop and formalise an equilibrium concept for a dynamic economy in which production takes place in worker cooperatives. The concept rules out allocations of workers to cooperatives in which a worker in one cooperative could move to a different cooperative and make both herself and the existing workers in the receiving cooperative better off. It also rules out allocations in which workers in a cooperative would be made better off by some of the other workers leaving. We also provide a min...
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作者：Halac, Marina
作者单位：Yale University
摘要：A principal contracts with agents to achieve coordination. Multiple equilibria can in general arise under given contract offers, and the principal wishes to maximize her payoff guarantee across equilibrium outcomes. I discuss recent work on contracting for coordination using a simple, unifying framework. The analysis reveals how the principal's concern for strategic uncertainty shapes optimal contracts, with implications for discrimination and inequality between agents. I adapt the framework t...
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作者：Dano, Kevin; Ferlenga, Francesco; Galasso, Vincenzo; Le Pennec, Caroline; Pons, Vincent
作者单位：Princeton University; University of Warwick; Bocconi University; Universite de Montreal; HEC Montreal; Harvard University
摘要：Free and fair elections should incentivize elected officials to exert effort and enable citizens to select representative politicians and occasionally replace incumbents. However, incumbency advantage and coordination failures possible in multi-party systems may jeopardize this process. We ask whether these two forces compound each other. Using a regression discontinuity design (RDD) in French two-round local and parliamentary elections, we find that close winners are more likely to run again ...
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作者：Bezin, Emeline; Chabe-Ferret, Bastien; de la Croix, David
作者单位：Paris School of Economics; Middlesex University
摘要：Fertility becomes a strategic choice for minorities when having a larger share of the population helps to increase power. If parents invest resources to educate their children, then raising fertility for strategic reasons might be at the cost of future human capital. We dispel this view using census data from several developing countries. We show that religious and ethnic minorities in Indonesia, China, and Malaysia tend to invest more in both education and fertility compared to larger groups....
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作者：Gourinchas, Pierre-Olivier; Martin, Philippe; Messer, Todd
作者单位：International Monetary Fund; Institut d'Etudes Politiques Paris (Sciences Po); Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：Despite a formal no-bailout clause, we estimate significant net present value transfers from the European Union to Cyprus, Greece, Ireland, Portugal, and Spain, ranging from roughly 0.5% (Ireland) to a whopping 43% (Greece) of 2010 output during the Eurozone crisis. We propose a model to analyze and understand bailouts in a monetary union, and the large observed differences across countries. We characterize bailout size and likelihood as a function of the economic fundamentals (economic activi...
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作者：Chen, Kuan-Ming; Ding, Ning; List, John A.; Mogstad, Magne
作者单位：National Taiwan University; Cornerstone Research; University of Chicago; Australian National University; Statistics Norway
摘要：We quantify how labor supply elasticities and reservation wages vary between people and over time, and infer workers' valuation of flexibility in their choices of work hours. Economists and policymakers are keenly interested in these quantities, especially lately with the growth in jobs that offer flexible work schedules. Our study takes advantage of a large natural field experiment at Uber, the largest ride-sharing company. Combining this experiment with high-frequency panel data on wages and...
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作者：Cappelen, Alexander W.; Falch, Ranveig; Tungodden, Bertil
作者单位：Norwegian School of Economics (NHH); University of Bergen
摘要：In recent decades, there has been an increase in the share of males struggling in the labor market and education. We show in a set of large-scale experimental studies involving more than 35,000 Americans that people are more accepting of males falling behind than they are of females falling behind, and less in agreement with government policies supporting males falling behind. We provide evidence of the underlying mechanism being statistical fairness discrimination: People consider males falli...
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作者：Wang, Chengsi; Wright, Julian
作者单位：Monash University; National University of Singapore
摘要：We consider platforms that help consumers discover and transact with suppliers. Such platforms have come to dominate many sectors of the economy, raising issues about the high fees they charge suppliers, especially since they tend to commoditize the suppliers they aggregate. We show that in a baseline setting, the efficient platform fee is determined by a simple formula: it equals the platform's marginal cost plus the difference between suppliers' markups on the direct channel and suppliers' m...
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作者：Duso, Tomaso; Nardotto, Mattia; Seldeslachts, Jo
作者单位：Leibniz Association; DIW Berlin - Deutsches Institut fur Wirtschaftsforschung; Technical University of Berlin; Universite Libre de Bruxelles; KU Leuven
摘要：We provide an evaluation of the impact of German public subsidy schemes in municipalities of Bavaria and Lower Saxony aimed at supporting the deployment of basic broadband infrastructure in rural Germany. Such subsidies are subject to state aid control by the European Commission and may only be granted if the potential market failure is addressed without distorting competition. We first analyse the consequences of the subsidies on reducing the digital divide between urban and rural areas. Seco...
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作者：Jokela, Markus; Merilaeinen, Jaakko; Tukiainen, Janne; von Schoultz, Asa
作者单位：University of Helsinki; Stockholm School of Economics
摘要：A vast scholarship questions whether voters are sufficiently informed to act in their best interest at the polling booth, which may also have implications for the quality of political representation. In this study, we examine cognitive and non-cognitive ability tests conducted on (male) military conscripts by the Finnish Defense Forces and compare local and national election candidates nominated by political parties and representatives elected by voters with each other and the general populati...
